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Ministry of Finance Introduces Real Estate Market Protocols

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The Greek Ministry of Finance declared two crucial conclusions today, which aim to revitalize the state's domestic market.

The decisions which have been authorized by the notaries' union, have explained the complex issue of incremental value taxing within real estate contracts. This marks a new protocol in the Greek real estate market.

Over the last few months, the unclear legal framework resulted in an overall real estate contract standstill. Notaries were unwilling to conduct transactions of this nature; the signatories were unable to clearly regulate real estate transaction's incremental worth, regardless of their legal responsibility to transfer and collect attributable taxes to officials.